Strategy (formerly known as MicroStrategy) has expanded its Bitcoin holdings by acquiring 10,100 BTC for approximately $1.05 billion.
The purchase, disclosed in a June 16 filing with the US Securities and Exchange Commission (SEC), brings the company’s total Bitcoin stash to 592,100 BTC.
Notably, this single purchase equals the entire Bitcoin stack accumulated by Japanese firm Metaplanet since its BTC adoption began in April 2024.
Additionally, the recent purchase has brought Strategy less than 20,000 BTC away from Binance’s Bitcoin stash, one of the largest outside of Satoshi Nakamoto’s infamous wallet.
Strategy’s Bitcoin funding
According to the SEC filing, the recent Bitcoin purchase was financed mainly through an upsized $1 billion public offering tied to the firm’s new perpetual preferred stock, Stride (STRD).
Beyond STRD, Strategy also sold other classes of preferred stock, including STRK and STRF.
The firm stated that it issued 452,487 shares of STRK to raise $45.2 million and still has authorization to sell up to $20.57 billion worth of STRK shares.
Additionally, 286,101 shares of STRF were sold last week to generate $28.6 million. The firm still has $1.98 billion in STRF shares remaining available under its current program.
The latest buy marks Strategy’s third week of aggressive BTC accumulation financed mainly through its preferred stock offerings.
The Michael Saylor-led firm did not touch its MSTR Class A common stock allocation during this period, leaving $18.63 billion in reserve.
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